Connect with us

Banking

Credit Suisse snaps up Deutsche banker to relaunch financial institutions group – memo

Credit Suisse snaps up Deutsche banker to relaunch financial institutions group - memo 1

By Pamela Barbaglia

LONDON (Reuters) – Credit Suisse has poached Deutsche Bank‘s Israel Fernandez to lead its financial institutions group (FIG) in Europe, the Middle East and Africa in tandem with Julien Lamm, according to a memo seen by Reuters.

Fernandez will take on his new role on Nov. 15 and will be based in Madrid, just like his predecessor Armando Rubio-Alvarez – the bank‘s former head of EMEA FIG – who quit in June to join Jefferies.

A 15-year veteran of Deutsche Bank, where he was most recently in charge of its FIG franchise in Iberia, Fernandez has advised on a wide range of transactions including the 2.2 billion euro merger of Unicaja and Liberbank and Banco Santander’s purchase of Allianz Popular Holdings.

In his new role as co-head of EMEA FIG he will share responsibilities with Lamm who rejoined Credit Suisse in 2015 from Morgan Stanley to lead capital markets and advisory for FIG clients in France and Belgium while also covering European insurers.

The new leadership structure comes as Switzerland’s second-largest bank is seeking to fill key investment banking jobs left vacant by a talent exodus earlier this year following a series of scandals that have shattered employee morale.

Credit Suisse has also elevated Gaurav Parkash to EMEA head of banks, reporting to Fernandez and Lamm.

Parkash, who joined Credit Suisse in 2008, has worked with some of bank‘s biggest FIG clients such as Standard Chartered on its sale of its principal finance division and Deutsche Bank on its latest rights issue.

The Swiss lender, which is going through a strategic review of its operations, previously snapped up HSBC banker Orazio Tarda as its global co-head of fintech sharing the job with Brian Gudofsky in New York.

(Reporting by Pamela Barbaglia; Editing by Lisa Shumaker)

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Recommended

Newsletters with Secrets & Analysis. Subscribe Now